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Poland
Featured Content
Macroeconomy
Eastern Europe: External Accounts
Eastern Europe: Will High Current Account Deficits Return?
Capital Inflows to Emerging Europe: Returning, Albeit Unevenly
Baltics : Commonwealth of Independent States : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Russia : Russia, CIS and the Caucasus : Southeast Europe : Europe : Macroeconomy : Capital Flows, FDIs, Capital Controls : Current Account : Trade and External Balance :
Eastern Europe: Public Finances
Growth Dynamics and Political Pressures Test Effectiveness of Fiscal Consolidation Measures
Czech Fiscal Policy: Parliament Passes 2012 Budget
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Macroeconomy : Fiscal Policy :
Central and Eastern European Demographics
Central and Eastern European Demographics: Impact Of Greying And Emigration
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Geostrategy : Macroeconomy : Demographics : Labor Markets and Productivity :
Poland: Economic Profile
Polish Macro View: Economy Grew Robust 4.3% in 2011
Poland: Authorities Defend Zloty To Keep Public Debt Below Legal Limit
Emerging Europe and CIS : Poland : Emerging Markets : Europe : Macroeconomy : Fiscal Policy : Growth Outlook and Business Cycle :
IMF's Role in Central and Eastern Europe
Romania: Protests over Austerity Continue
IMF's Expansive Role in Emerging Europe: A New, More Lenient Organization?
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Serbia : Southeast Europe : Europe : Macroeconomy : Current Financial Crisis : IMF and International Economic Institutions : Systemic Risk, Vulnerabilities and Asset Bubbles :
Euro Adoption Path for EU Newcomers
EU Newcomers' Euro Adoption: Delays Expected Due to Eurozone Debt Crisis
On the Back of Euro Adoption, Estonia Re-elects Coalition Government
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Frontier Markets : Macroeconomy :
Poland: Fiscal Policy
Poland's Civic Platform Re-Elected: Will Victory Aid Fiscal Consolidation?
Poland: Authorities Defend Zloty To Keep Public Debt Below Legal Limit
Emerging Europe and CIS : Poland : Europe : Macroeconomy : Fiscal Policy :
Poland: Monetary Policy
Poland Monetary Policy: NBP Leaves 4.5% Policy Rate On Hold in January
Emerging Europe and CIS : Poland : Emerging Markets : Europe : Macroeconomy : Monetary Policy and Inflation :
EU Newcomers: Monetary Policy
Romania: NBR Cuts Benchmark Interest Rate for Third Time in a Row
Hungary Monetary Policy: MNB Surprises Markets and Keeps Its 7.0% Base Rate on Hold
Emerging Europe and CIS : Hungary : Poland : Romania : Southeast Europe : Emerging Markets : Europe : Macroeconomy : Monetary Policy and Inflation :
Markets
Finance & Banking
Geostrategy
Central and Eastern European Demographics
Central and Eastern European Demographics: Impact Of Greying And Emigration
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Geostrategy : Macroeconomy : Demographics : Labor Markets and Productivity :
Reform of the European Union
Hungary's EU Presidency Marred by International Criticism
Belgium Takes the EU Helm on July 1: Financial Oversight Dominates Policy Challenges
Czech Republic : Emerging Europe and CIS : Eurozone : Poland : Europe : Geostrategy : Foreign and Domestic Political Risk : Foreign Policy and Geostrategic Risks : International Organizations :
Political Risk in Eastern Europe
Poland's Civic Platform Re-Elected: Will Victory Aid Fiscal Consolidation?
Czech Republic Politics: Government Avoids Collapse
Baltics : Commonwealth of Independent States : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Russia, CIS and the Caucasus : Southeast Europe : Emerging Markets : Europe : Frontier Markets : Geostrategy : Foreign and Domestic Political Risk :
Eastern European Energy Security
Russia Launches Nord Stream Pipeline: European Clients to Receive Gas by November
Energy Security in Poland: Government Agrees on New Deal for Russian Gas Deliveries
Commonwealth of Independent States : Emerging Europe and CIS : Eurozone : Nordics : Poland : Russia : Russia, CIS and the Caucasus : Serbia : Southeast Europe : Europe : Geostrategy : Commodities : Energy : Energy Security and Policy : Foreign Policy and Geostrategic Risks : Natural Gas : Oil and Energy :
Key Indicators
BOP
Current Account, USD - Poland
Current Account, USD - Poland
-418, -575, -923, -1939, -1454
-1,454
Registered Unemployed
Unemployment Rate, % - Poland
Unemployment Rate, % - Poland
11.7, 12.3, 13, 13.2, 13.1
13.1
GDP
Total, Corresponding Period Previous Year = 100 - Poland
Total, Corresponding Period Previous Year = 100 - Poland
103.3, 103, 103.5, 104.2, 104.4
104.4
CPI
Total, Corresponding Period of Previous Year =100 - Poland
Total, Corresponding Period of Previous Year =100 - Poland
103.1, 103.8, 103.6, 104.3, 104.5
104.5
POL ITS Exports f.o.b. total
National Currency, Monthly Level, PLN (millions) - Poland
National Currency, Monthly Level, PLN (millions) - Poland
4.09, 2.65, 9.51, 16.29, 16.79
16.79
Central bank interest rate
Deposit facility (end-of-period) NSA - Poland
Deposit facility (end-of-period) NSA - Poland
2, 2.25, 2.25, 2.25, 2.5
2.5
data by Factset
Poland Outlook: Resilient, but Only for So Long
Strong private consumption, which insulated the economy in 2008-09, will continue to drive growth in 2012, albeit at a slower pace. Weaker EU structural fund transfers will curtail public investment, while firms will shelve expansion plans in the face of tighter credit conditions, the uncertain economic outlook and higher taxes. Tighter fiscal policy, along with slowing economic activity, will open the space for monetary easing next year, assuming pressure on the zloty eases.
Economic Research
Europe Weekly
German Slump; French, Finnish Elections; Eastern Europe Monetary Policy; EZ Calendar
By Jan 13, 2012
Europe Weekly
EZ Pitfalls in 2012; Italian GDP; New Spanish Government; Swedish Monetary Policy; Hungarian, Polish Banks; EZ Calendar
By Dec 23, 2011
Europe Weekly
EZ Crisis Response; Eastern Europe Banks; ECB Monetary Policy; Hungary and the IMF; Belgian Politics; EZ Calendar
By Nov 25, 2011
Europe Weekly
Eurozone Contagion; Italian Politics; UK Asset Purchases; Danish, Polish Monetary Policy; EZ Calendar
By Nov 11, 2011
Europe Weekly
EZ Summit Questions; ECB’s Next Rate Move; German Obstacles; Swedish Rate Cuts; Resilient Polish Consumption; Italian Politics; EZ Calendar
By Oct 28, 2011
Europe Weekly
Slovakia Ratifies EFSF; EZ Inflation Peaks; UK Unemployment to Rise; Poland’s Fiscal Overhaul
By Oct 14, 2011
Europe Weekly
Germany's EFSF Ratification; Sarkozy's Dwindling Re-Election Hopes; Poland's Currency Intervention
By Sep 30, 2011
Global Economic Outlook
Emerging Europe and CIS Outlook Update: Weaker Growth Across the Region
By Sep 16, 2011
Europe Weekly
Finnish Collateral Demands, Polish Consumption, Czech Rating Upgrade, EZ PMIs, Portuguese Consumption
By Aug 26, 2011
Economic Research
Strengths and Vulnerabilities in Emerging Europe: A Balance Sheet Approach
By Aug 19, 2011
Europe Weekly
UK Monetary Policy; Eurozone Inflation; Swedish Households; Eastern European Banks; Turkish Consumer Confidence; Polish Manufacturing
By Jul 22, 2011
Europe Weekly
Greek Debt; Volatile Turkish Inflation; Fragile Irish Growth; Russia's Weak Fixed Investment; Poland's Shale Gas Bonanza; Denmark's Bank Woes
By Jul 8, 2011
Europe Weekly
ECB Collateral Holdings; German Dynamics; UK Corporates; Turkish Monetary Policy; Polish Consumption; Hungarian Mortgage Relief
By May 27, 2011
Economic Research
Eastern Europe: Are Higher Commodity Prices a Monetary Policy Game-Changer?
By Mar 21, 2011
Global Economic Outlook
Central Europe Outlook: Externally Driven Growth and Inflation
By Mar 18, 2011
Europe Weekly
Eastern Europe Monetary Policy; Icelandic Policy Rate; Irish Fiscal Challenges
By Mar 18, 2011
Economic Research
Central Europe: December PMIs Point to Strong Growth, Mounting Price Pressures
By Jan 7, 2011
Europe Weekly
Ireland’s Political Game; Germany’s Economic Slowdown; UK’s Banking Vulnerabilities
By Nov 26, 2010
Economic Research
Europe Weekly Spotlight: Eurozone Q2 Growth; Is Germany Rebalancing?; Polls Near in Latvia and Sweden
By Aug 13, 2010
EconoMonitors
Emerging Markets Channel
History in the Making: Eight Years After the Referendum, on the Eve of the European Union Presidency
Jun 13, 2011
Daily Digest
Analysis
Poland: Mixed Signals from Surveys; Czech Republic: CNB Forecasts Back Rate Cut; Turkey: In No Hurry to Curb Inflation; Russian GDP: 2012 to Be as Good as it Gets
BNP Paribas Feb 03, 2012
Analysis
Central Europe Outlook 2012: Toward a Two-Speed Europe
Center for European Policy Analysis Feb 01, 2012
Analysis
Central European Daily: CEE currencies unchanged before US data; CNB cuts growth forecast to 0.0% from 1.2% in 2012
KBC Bank Feb 03, 2012
Analysis
CEE Insights: How did private credits develop in the last two months of 2011?
Erste Bank (free registration required) Feb 03, 2012
Analysis
Central European Daily: Regional PMIs point to diverging tendencies; Polish manufacturing surprisingly grows, while Czech continues to decline
KBC Market Research Desk Feb 02, 2012
Analysis
EMEA Weekly: NBP likely to maintain hawkish rhetoric; Russia’s CPI hits historical low; Strategy Update
Danske Markets Research Feb 02, 2012
Analysis
Poland Manufacturing PMI: Manufacturing new order growth returns in January
Markit Economics and HSBC Feb 01, 2012
Analysis
Central European Daily: CE cross rates edged higher as the risk rally slowed; Czechs refused to join the new fiscal pact
KBC Market Research Desk Jan 30, 2012
Analysis
Central European Daily: CEE currencies at important crossroads; Hungary tries to reach deal with IMF; Polish rate cuts have been mostly priced out
KBC Research Jan 30, 2012
News
Poland: Information on socio-economic situation of the country in 2011
Central Statistical Office of Poland Jan 27, 2012
News
Poland Deserves 2012 Credit-Rating Increase, Deutsche Bank’s Kalicki Says
Bloomberg Jan 27, 2012
News
Poland’s Economy Expands at Fastest Pace Since 2008 on Investment Rebound
Bloomberg Jan 27, 2012
Analysis
Central European Daily: Market no longer bets on rate cuts in Poland in 2012; Polish economy grew by 4.3 % in 2011
KBC Research Jan 27, 2012
Analysis
CEE Fixed Income Insights: How much has Asia become relevant for the CEE manufacturing sector?
Erste Bank Research (free registration) Jan 27, 2012
News
Poland - Gross Domestic Product in 2011 Preliminary estimate
Poland Central Statistical Office Jan 27, 2012
Analysis
Poland - 2011 GDP in line with expectations, retails sales weakening
Erste Bank Research (free registration) Jan 27, 2012
News
Poland: Minutes of the Monetary Policy Council Decision-Making Meeting held on January 11, 2012
National Bank of Poland Jan 26, 2012
News
Poland and Romania Frontload Debt Sales, Seeking to Avert Change in Risk Appetite
Bloomberg Jan 26, 2012
Analysis
Central European Daily: Fed’s dovish decision supports regional currencies; Czechs will lend EUR 1.5bn to IMF
KBC Bank Jan 26, 2012
Analysis
EMEA Weekly: Wind beneath its wings, EMEA ship opens its sails; EMEA FX: Where to put your money; Czech and Romanian central banks taking the stage next week
Danske Markets Research Jan 26, 2012
Analysis
Republic of Poland - Review Under the Flexible Credit Line Arrangement - Staff Report and Statement by the Executive Director
IMF Jan 25, 2012
News
Polish activists protest treaty deemed threat to Internet freedom online and on streets
Associated Press Jan 25, 2012
Blogs
EBRD: forecast cut amid warnings over bank deleveraging and eurozone crisis
Financial Times Jan 24, 2012
Analysis
Regional Economic Prospects in EBRD Countries of Operations: January 2012
EBRD Jan 24, 2012
Analysis
Central European Daily: CEE currencies posted solid gains over the recent week; NBH should continue to defend forint with 50 bps hike
KBC Research Jan 23, 2012
Analysis
IMF Executive Board Completes Review of Poland’s Qualification for the Flexible Credit Line Arrangement
IMF Jan 20, 2012
Analysis
CEE Weekly: Poland- Strong issuance; Hungary- Some signs of relief; Czech Republic- Strength of the economy;Turkey- How long will revived carry trades lend support?; Russia: Outlook down to stable; Romania: Large debt issued
Raiffeisen Research Jan 20, 2012
Analysis
Central European Daily: IMF wants to see agreement between Hungary and EU first; Hungary and Poland easily sold short-term government papers
KBC Market Research Desk Jan 20, 2012
Analysis
Emerging Markets Briefer: Surprisingly sunny dawn of 2012 – let’s see if it continues
Danske Markets Research Jan 20, 2012
News
Index numbers of industrial and construction-assembly production in December 2011
Polish Central Statistical Office Jan 19, 2012
News
Price Indicies of Sold Production of Industry and Construction and Assembly Production in December 2011
Polish Central Statistical Office Jan 19, 2012
Analysis
Central European Daily: EUR/PLN at two-month lows; Weaker koruna allows the CNB to let interest rates unchanged
KBC Market Research Desk Jan 19, 2012
Analysis
Poland Short Note: Industry continues to outperform
Erste Bank (free registration required) Jan 19, 2012
Analysis
Central European Daily: Hungary’s government open to negotiate all issues with the EU; Zloty rallies on improved market sentiment and more hawkish NBP stance
KBC Research Jan 18, 2012
Analysis
Central European Daily: Poland - NBP’s Hausner: Rate hike more probable than a cut; EC set to unveil details of infringement action against Hungary
KBC Research Jan 17, 2012
News
Special Meeting of the European Bank Coordination “Vienna” Initiative
European Bank for Reconstruction and Development Jan 17, 2012
News
Statement at the Conclusion of a Meeting of the European Bank Coordination "Vienna" Initiative
IMF Jan 17, 2012
Analysis
Cee Weekly: Poland - Aggresiv Refinancing of the Polish Sovereign; Hungary - IMF talks; Czech - CZK and Bonds still under pressure; Romania - Yields on Government Securities decrease
Raiffeisen Research Jan 13, 2012
Analysis
CEE Fixed Income Insights January 13, 2012
Erste Bank Research (free registration) Jan 13, 2012
Analysis
Exchange market pressures in the EBRD’s countries of operations
European Bank for Reconstruction and Development Jan 13, 2012
Analysis
Polish Inflation – Monthly growth has slowed down (0.4%)
Erste Bank Research (free registration) Jan 13, 2012
Analysis
Poland: Fiscal Adjustment in Gloomy Times; Romania: Wages Too High for Bold Rate Cuts; Hungary: Attractive Basis in EUR Paper
BNP Paribas Jan 13, 2012
Analysis
Central European Daily: NBP left rates unchanged at 4.5%; NBP President Belka did not rule out further interventions on FX market
KBC Research Jan 12, 2012
Analysis
EMEA Weekly: Inflation is too high in South Africa, Polish numbers will support NBP’s hawkish stance
Danske Markets Research Jan 12, 2012
Analysis
CEE Fixed Income Daily: Poland - CB kept key rates unchanged; Poland - is on track to balancing its public finances; Hungary - failed to correct its deficit
Erste Bank Research (free registration) Jan 12, 2012
Analysis
Poland Short Note: Rates on hold, growth prospects improving while zhole zloty adds to inflationary risk
Erste Bank (free subscription required) Jan 11, 2012
News
Press Release: Information from the meeting of the Monetary Policy Council held on January 10-11, 2012
National Bank of Poland Jan 11, 2012
News
Polish Central Bank Keeps Rates Unchanged as Weaker Zloty Spurs Inflation
Bloomberg Jan 11, 2012
Analysis
Central European Daily: While Hungary’s delegation meets the IMF, the government is ready to change legislation; NBP will keep rates unchanged at 4.5%
KBC Market Research Desk Jan 11, 2012
Analysis
Poland: Macroscope on National Bank of Poland - Rates to remain flat in January (January 10, 2012)
Erste Bank (free registration required) Jan 11, 2012
Analysis
Macroscope on National Bank of Poland - Rates to remain flat in January (January 10, 2012)
Erste Bank (free subscription required) Jan 10, 2012
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